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In a recent Tweet the president of the Salvador Nayib Bukele encouraged the citizens and bitcoiners answering the criticism after the market cap crash.
He said: “I see that some people are worried or anxious about the #Bitcoin market price. My advice: stop looking at the graph and enjoy life. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market. Patience is the key.”
EL Salvador recently bought the dip buying $15.4 million worth of bitcoin in may 2022 drop. Since then, his administration has invested more than $100 million in taxpayer funds to purchase at least 2,301 BTC units.
El Salvador had incorporated Bitcoin bonds in its Bitcoin ambitions. These bonds were announced in 2021, but the nation has not yet issued them because of the protracted bear market.
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